The Central Bank of Trinidad and Tobago (CBTT) produces and disseminates data under the Central Bank Act of 1964 section 53. The Central Bank is required within three months after the end of the financial year to submit to the Minister of Finance: (1) A report detailing the operations of the Central bank for the preceding financial year, and (2) A certified audited annual statement.

The Act does not allow for individual institution’s data to be published nor does the Central Bank allow for such information to be published on an individual basis. The data submitted by individual institutions are usually aggregated and published for the entire industry. We are constrained by the Central Bank’s Act with respect to Confidentiality.

There is no commentary by senior government officials on the release of any data by the CBTT. In many cases the data release includes a detailed technical commentary. The Governor usually holds a press conference independent of the Minister to discuss the information contained in the bank’s various publications (Economic Bulletin, Monetary Policy Report, and Annual Economic Survey) prior to release.

The commercial banks engage in foreign currency transactions with the public on a daily basis. This information (on rates and volumes of currency bought and sold) is submitted daily by each commercial bank to the Central Bank of Trinidad and Tobago where the information is collated, and a daily weighted average buying and selling rate is calculated for selected currencies.

We do not have an advance release date that is made known to the public. However, we have reports that are published at regular frequencies but the exact dates for release are never known long in advance.

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